Tuesday, June 11, 2013

Customs Duty (C.D charges) payable for importing goods into India:-

  Customs duty  is charged  for importing mobile phones, tablets (electronic)  and other goods from a foreign country into India. These taxes are often payable at the port of entry (like the airport).   Here’s the chart updated after the 2013 Union Budget:

Category
Items to import
Customs Duty
Books
Books (educational)
0%
Computers
Laptop, Computers
16.85%
Computer Printers
16.85 %
Laptop Battery
28.85%
Hard Disk (Internal)
6.03%
Hard Disk (External)
16.85%
Processor
6.03%
Other Computer Peripherals
16.85%
Cables & Wires
25.85%
Tablets
iPad
16.85%
Mobile
Mobile Phones
6.00%
Phone Accessories
28.85%
Music & Games
DVD/ CDS (movie)
28.85%
Software DVD
16.854%
DVD Players, Blu-Ray
28.85%
iPod
28.85%
Video games
28.85%
Gaming Consoles
28.85%
Photography


Digital / Video Cameras
28.80%
Digital Still Image Camera
16.854%
Web cameras
28.85%
Camera Lens
28.85%
Everything Else
Television
28.85%
Sports Equipment
16.85%
Hand (wrist) Watches
28.85%
Cosmetics, Stationery, Toys
28.85%
Sunglasses
28.85%
Electronics and Car parts
28.85%
Apparel
23.90%
Shoes
28.85%
Kitchen, Dining
28.85%
Artificial Jewelry
28.85%

calculation process:- It is important to note that the calculation of import duty is done based on the assessed value of an imported product and not the invoice value.  Say you have purchased a mobile phone from Amazon or eBay and have asked the seller to ship it to India. The value of the mobile phone listed in the invoics is $500. The customs officer in India may however assess the product’s value as, say, $600 and in that case, you will have to pay 6% customs duty on $600 (the assessed value) and not $500 (the invoice value). And other than customs duty, you’ll have to pay shipping charges, broker fees, CESS and service tax for getting an item into India. There are no taxes on importing books while the customs duty on mobile phones has recently been hiked from 1% to 6%. Also, you may import goods up to the value of INR 5000 duty free provided they are sent as gifts to you.(viewers are requested to visit 30th May-2013 posted item in this blog for foreign parcels)

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